PicS (PICS) IR and M&A officer buys 1,700 Class A shares in market

Rhea-AI Filing Summary

PicS N.V. IR, Strategy and M&A Officer Augusto Cazotto Andre bought Class A Common Shares in the open market. He acquired 1,700 shares at a weighted average price of $10.69 per share across multiple trades between $10.65 and $10.69. Following this purchase, he directly owns 1,700 Class A Common Shares.

Insider Trade Summary

Net Buyer: 1,700 shares ($18,173)

Net Buy 1 txn

Insider Augusto Cazotto Andre

Role IR, Strategy and M&A Officer

Bought 1,700 shs ($18K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Shares	1,700	$10.69	$18K

Holdings After Transaction: Class A Common Shares — 1,700 shares (Direct)

Footnotes (1)

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Key Figures

Shares purchased: 1,700 shares Weighted average price: $10.69 per share Price range: $10.65–$10.69 per share +1 more

4 metrics

Shares purchased 1,700 shares Open-market purchase of Class A Common Shares on March 31, 2026

Weighted average price $10.69 per share Average price across multiple trades between $10.65 and $10.69

Price range $10.65–$10.69 per share Range of prices for individual purchase transactions

Shares owned after transaction 1,700 shares Total Class A Common Shares directly owned following the purchase

Key Terms

Class A Common Shares, open-market purchase, weighted average price, beneficially owned

4 terms

Class A Common Shares financial

"He acquired 1,700 shares at a weighted average price of $10.69 per share."

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

open-market purchase financial

"bought Class A Common Shares in the open market."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"at a weighted average price of $10.69 per share across multiple trades"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficially owned financial

"as the total number of shares beneficially owned following the transaction"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Augusto Cazotto Andre

(Last) (First) (Middle)

AVENIDA MANUEL BANDEIRA

291, BLOCK A, 2ND FLOOR

(Street)

SAO PAULO 05317-020

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
PicS N.V. [ PICS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	IR, Strategy and M&A Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares	03/31/2026		P		1,700	A	$10.69(1)	1,700	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These securities were purchased in multiple transactions at prices ranging from $10.65 to $10.69, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.

	/s/ Andre Augusto Cazotto	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did PicS N.V. (PICS) report in this Form 4?

PicS N.V. reported that officer Augusto Cazotto Andre made an open-market purchase of 1,700 Class A Common Shares. The filing shows this single buy transaction and that he now directly holds 1,700 shares after the trades were completed.

How many PicS N.V. (PICS) shares did Augusto Cazotto Andre buy and at what price?

He bought 1,700 Class A Common Shares at a weighted average price of $10.69 per share. The purchases occurred in multiple trades within a narrow price range between $10.65 and $10.69, according to the Form 4 footnote.

What is Augusto Cazotto Andre’s role at PicS N.V. (PICS) in this Form 4?

The Form 4 identifies Augusto Cazotto Andre as an officer of PicS N.V., serving as IR, Strategy and M&A Officer. His reported transaction involves his direct ownership of the company’s Class A Common Shares acquired in the open market.

How many PicS N.V. (PICS) shares does Augusto Cazotto Andre own after the reported transaction?

After the reported purchases, he directly owns 1,700 Class A Common Shares. The Form 4 lists this figure as the total number of shares beneficially owned following the transaction, reflecting his entire disclosed position in this filing.

Was the PicS N.V. (PICS) insider transaction an open-market purchase or another type of trade?

The transaction was an open-market purchase of Class A Common Shares. The Form 4 uses transaction code “P” and describes it as a purchase in open market or private transaction, indicating a straightforward buy rather than an option exercise or gift.

Did the PicS N.V. (PICS) Form 4 disclose a price range for the insider share purchases?

Yes. The filing’s footnote states the weighted average price of $10.69 and notes that individual trades occurred between $10.65 and $10.69 per share. It also commits to provide detailed trade breakdowns upon request to interested parties.